search

The Real Deal Logo

Trending

Rent board’s 4% hike will “plunge” buildings into distress: landlordsRent board’s 4% hike will “plunge” buildings into distress: landlordsH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomMacerich faces “imminent” default on $300M Santa Monica Place loanMacerich faces “imminent” default on $300M Santa Monica Place loanBanks settle with SF landlords rather than own vacant officesBanks settle with SF landlords rather than own vacant offices
South Florida

Development site in South Miami sells for $8.8M

Property at 6201 Sunset Drive
Property at 6201 Sunset Drive in South Miami

A vacant lot in South Miami sold for $347 per square foot, or $8.8 million, Miami-Dade County records show.

The 25,366-square-foot property, at 6201 Sunset Drive, is across the street from South Miami Hospital, which is part of the Baptist Health South Florida network.

Sign Up for the undefined Newsletter

Bindor Development LLC, a Miami-based company tied to FSE Investments, sold the lot to 6201 Sunset Medical Plaza Ltd. It last sold for more than $6 million in 2008, according to Miami-Dade property records. A Grove Properties listing shows a proposed rendering for the site.

The property was marketed as a development opportunity with plans for a proposed 66,000-square-foot office building. It’s located within walking distance of the South Miami Metrorail Station, which will be part of the planned Underline linear park.

Tags
Miami